Senate To Empower EFCC To Keep 2% Of Recovered Loot

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The Senate is set to pass a bill to empower the Economic and Financial Crimes Commission (EFCC) to keep two percent of the loot recovered from corrupt officials.

Committee chairman, Chukwuka Utazi, who led other members to Enugu State, yesterday, said the purpose of the unannounced visits to the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and other related offences Commission (ICPC) and the Department of State Services (DSS) across the country, was to identify areas that needed improvement.

Utazi, speaking with correspondents said: “We have also made provisions for special funding for the EFCC. Going forward, the EFCC will keep two per cent of whatever it recovers for its operational cost.

“There is a bill for an Act to amend the EFCC laws. We will pass the bill next week. We have made provisions for the EFCC to auction seized assets.”

“We have big plans to ensure that things are working well for the EFCC.”

Utazi noted that the Senate was prepared to contribute its quota to the ongoing anti-corruption fight, which necessitated the committee’s nationwide visit to offices of government agencies handling corruption-related cases.

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